Advertisements
Advertisements
प्रश्न
Identify the market having a single buyer and many sellers from the following:
पर्याय
Monopoly
Monopsony
Perfect competition
Monopolistic competition
Advertisements
उत्तर
Monopsony
Explanation:
In a monopsony market system, there is only one buyer, and hence that buyer has tremendous power over demand. Because there are so many vendors, the buyer can obtain significant bargaining power and determine their terms.
APPEARS IN
संबंधित प्रश्न
In which type of market price discrimination is practiced? Explain with an example.
Explain three features of Perfect competitive market.
How is Perfect competitive market is different from a monopoly market?
Selling costs are absent in perfect competition market.
'Homogeneous products' is a characteristic of ______.
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Match the following:
| Column I | Column II | ||
| A. | Monopoly | (i) | Availability of close substitutes |
| B. | Oligopoly | (ii) | Absence of close substitutes |
| C. | Perfect competition | (iii) | Few large sellers |
| D. | Monopolistic competition | (iv) | Homogeneous products |
Which type of market structure is the following? Give reason.
Scooters
To which market form are homogeneous products relevant?
Identify the market form from the following:
A few large sellers
